Yves Dufresne Sells 1,677 Shares of Air Canada (TSE:AC) Stock
Air Canada (TSE:AC) insider Yves Dufresne sold 1,677 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of C$22.15, for a total value of C$37,145.55.
Air Canada (TSE:AC) traded up 3.62% during mid-day trading on Monday, reaching $22.91. The company’s stock had a trading volume of 1,888,397 shares. The stock has a market cap of $6.22 billion and a price-to-earnings ratio of 7.51. Air Canada has a 12-month low of $8.82 and a 12-month high of $23.09. The firm’s 50 day moving average price is $19.82 and its 200 day moving average price is $15.89.
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AC has been the subject of a number of analyst reports. Canaccord Genuity raised their price target on Air Canada from C$21.00 to C$23.00 and gave the stock a “buy” rating in a research report on Friday, July 7th. Royal Bank Of Canada raised their price target on Air Canada from C$18.00 to C$21.00 and gave the stock a “top pick” rating in a research report on Monday, May 15th. TD Securities raised their price target on Air Canada from C$25.00 to C$34.00 and gave the stock an “action list buy” rating in a research report on Wednesday, August 2nd. BMO Capital Markets restated an “outperform” rating and issued a C$20.00 price target on shares of Air Canada in a research report on Friday, May 12th. Finally, Scotiabank raised their price target on Air Canada from C$15.50 to C$16.25 and gave the stock a “sector perform” rating in a research report on Monday, May 8th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of C$25.17.
Air Canada Company Profile
Air Canada provides the U.S. transbonder and international airline services. The company offers scheduled passenger services under the Air Canada Express brand name in the Canadian market, the Canada-U.S. transbonder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers.
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